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Vista Gold Corp. (VGZ)

NYSE American - NYSE American Delayed Price. Currency in USD
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0.6500-0.0100 (-1.52%)
At close: 03:59PM EDT
0.6505 +0.00 (+0.08%)
After hours: 04:37PM EDT
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  • H
    Hans
    VGZ market cap is $64m. Supposedly they are sitting on a $5B mountain of gold. Can somebody explain if that were true why wouldn’t some real mining company just not buy them out?
  • I
    Ian
    Lol they could be sitting on the reserve bank they would still be at 60c, expect a raise soon.
  • I
    Ian
    Expect another possible raise soon.
  • B
    Billy
    for all the good things said about this stock it's sure not performing well right now.
  • B
    Billy
    no traction, very disappointing. you can hit the lottery but if you don't cash in your ticket,, you have won nothing.
  • C
    CherkOn
    Looks like Euro Pacific Asset Management, LLC added another 250K shares, pushing it above the 5% threshold requiring them to do the 13G filing. They now have 5,922,301 shares (5.02%)
  • e
    ed
    VGZ spends money on additional drilling and the stock goes down when results are released.
    The market does not seem to care. VGZ seems to be having trouble finding a joint venture partner.
    Maybe the project has little if any value.
    Not sure if company could give the project away if firm receiving project was required to develop mine.
    VGZ has spent more money on this project than shareholders will ever recover seem to be what the market is saying.
  • C
    CherkOn
    The independent Feasibility Study for VGZ's 100% owned Mt Todd Gold Project came to the following conclusion:
    'After-tax NPV5% of $823 million and IRR of 23.4% at a $1,350 per ounce gold price and a $0.70=A$1.00 exchange rate (the 'Base Case');
    After-tax NPV5% of $1.15 billion and IRR of 30.3% at current prices and exchange rates ($1,500 per ounce gold and $0.685=A$1.00 exchange rate);'

    Based on those numbers, $1,800/oz gold price would mean an after-tax NPV5% of $1.8 billion; $1,900/oz would result in an after-tax NPV5% of over $2 billion. Keep in mind that Goldman Sachs has a $2,000/oz forecast for gold price, while Bank of America Merrill Lynch has an even higher forecast of $3,000/oz.
    Feel free to help me check the math on the above.

    In terms of their finances/liquidity:

    VGZ received $1.5 million from Prime Mining Corp. this month, and expects another $2.1 million ($1.1 million within 6 months, plus an additional $1.0 million with 12 months)

    VGZ also received $2.4 million from PT Masmindo back in May 2020, and could get another $2.5 million by April 30, 2021.

    On top of that, "As of March 31, 2020, the Company held 6.2 million common shares of Midas Gold Corp". Those shares have increased in value by more than 50% since last week due to the increase in Midas's share price.
  • B
    BigTroy
    Any updates from the mining conference? This stock is on a steady downward trend. Very discouraging considering the potential MT. Todd seems to have.
  • T
    Tom
    At age 30 in 1985 you receive a windfall
    and decide to parlay the money into the
    up and coming Vista Gold. At $62/share you
    own 160 shares of VGZ for the $10K.
    35 yrs later as you wish for retirement.
    You realize the $10,000 invested in VGZ
    is worth $160 today.
    You've lost nearly all your money betting
    on the con Vista exec's have promoted for
    over 35yrs, as they laugh on their way to
    the bank.
    If you want to gamble on the flip of a coin
    you've got better odds. You can get the pain
    out of the way quick. 35 yearsof VGZ is a lot of pain.
    Money isn't our most precious commodity.
    Time is finite and too important to waste
    on hope a fraud will change its ways.
  • C
    CherkOn
    VGZ announced the results of feasibility study of Mt Todd:
    * 7 Million Ounce Gold Reserve
    * After-tax NPV5% of $999.5 million and IRR of 20.6% at a $1,600 gold price and a $0.71 Fx rate(1);
    * After-tax NPV5% of $1.5 billion and IRR of 26.7% at a $1,800 gold price and $0.71 Fx rate;
    * After-tax cash flow at a $1,800 gold price of $2.1 billion for years 1-7 of commercial operations;
  • C
    CherkOn
    I think Gold price will move in the year 2020 to 2022 like it did between 2009 to 2011. We're just starting from a higher point. The reasons for the move are very similar, except this time around, the upward trend might go even beyond 2022 as the stimulus required / money printing necessary to get the economy back to normal is even greater than the last time.
  • L
    Levy
    Updated testing results expected in 4 weeks. CEO gave presentation expecting favorable results. Feasibility study to follow 1 to 2 months later. CEO indicated they will be aggressively pursuing a partner.
  • 3
    3800ft
    Here's Vista Gold Corp.'s presentation at the Denver Gold Forum Sept. 2019. This is a great summary for those interested in the current happenings. Low share structure, great location, great jurisdiction. Very, very likely a major entity will buy them out. It is pretty much their business plan. They have a great game plan imo and this will catch a lot of folks off guard when it happens. I'm in @ .47 but I just don't see it going there again. I've ridden it up to over a dollar recently and @ today's price of .73 I still think this is quite a bargain. Some of the recent price target estimates I've seen are anywhere from 2.50 - 3.50. GLTA http://www.denvergold.org/company-webcast/xpl19/143/
    Bullish
  • C
    CherkOn
    Any day now???...
    February 26th, 2021 PR: "Final approval of the Mt Todd MMP, which management believes is forthcoming in the near future;"

    January 14th, 2021 PR: "Vista believes the NT Department of Industry, Tourism and Trade is in the final stages of their approval process and hopes to receive authorization of the MMP in the near future. Upon receipt, Vista will have all major authorizations to commence development of the mine."
  • e
    ed
    Mgt has spent more money on their gold project than the market cap of the company.
    What as lesson in NPV. Negative for stockholders, positive for management.
    I will vote against management at the next meeting.
    Any followers?
    Neutral
  • n
    nguyen365
    One of these days, the stock will triple after news of buyout. These professionals know that and they are working for some buyers to accumulate cheap shares by driving it down whenever they have thin volume. Sometimes they lose when there are overwhelming buyers. Most of the time they win because they have all the time in the world to watch the stock and put in sell order to drive it down. It’s been going on for a long time
  • N
    N
    POSITIVE from Earn(est) Report- The CEO actually stated that he was looking for Development Partners!! If we can just get that deal done. Do you think stock will move up or down from here? Any factors that could influence that? What could the CEO do to improve share price, other than a deal to develop mine?
  • C
    Carl
    Volume extremely high. Can it be just because of gold's surge?
    Or is it due to a paid service promoting?
    Or is there news a brewing?

    If Vista is to get a partner, who are the most likely suitors that are familiar with Australia?

    Looking for opinions.
  • A
    Anti
     Found this article on kitco. Certainly couldn't hurt:

    A new bill could boost Australian mining Aug 26, 2021

    New planned reforms introduced by the Australian Administration are paving the way for the Northern Territory’s mining industry to grow and expand. The Aboriginal Land canRights (Northern Territory) Amendment (Economic Empowerment) Bill 2021 reduces red tape for current and any future mining enterprises.

    The main highlight of the new change is that the establishment of the NT Aboriginal Investment Corporation (NTAIC), which will benefit First Nations enterprises by investing royalty equivalent funds from mining on Aboriginal lands. This means an initial investment of $500 million will be made through NTAIC, to be followed on by $60 million a year for the first three years.

    NTAIC will also receive additional ongoing funding to ensure decision-making is conducted closer to the people it affects, making it more relevant and beneficial for those involved.

    Ken Wyatt the Minister for Indigenous Australians said the bill will be a boon both bureaucratically and economically for NT Indigenous mining endeavors. He added “The reforms … reduce tape, by making mining and exploration license processes easier while still preserving Traditional Owners’ rights, and provide greater certainty by strengthening township leasing arrangements,”.

    He also noted “The effects of growing Aboriginal economies will flow across the NT economy, with more jobs and more business opportunities flowing from the investment. A conservative estimate shows a boost to Gross Regional Product in the NT to be $60 million each and every year out to 2029-30.

    Lastly, he said, “More than 47 percent of the Northern Territory is now Aboriginal land and Aboriginal Territorians, along with Indigenous peoples all over Australia, are seeking new ways to activate the social and economic potential that comes from this.”
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